Shanjing Outlets Plaza opened in Ningbo

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Category: Ningbo Business

Published: Tuesday, 04 October 2011 12:24

A shopping center recently opened in the western suburbs of Ningbo. The other day, Shanjing Outlets Plaza, a shopping center of discount international brand stores, opened in Jishigang Town of Yinzhou, Ningbo City. This is the first large shopping center in the western suburbs of Ningbo and it is also a new type of retail business in Ningbo. Ningbo government officials Liu Qi, Shou Yongnian, Chen Yijun and visitors home and abroad were present at the opening ceremony.

Shanjing Outlets Plaza is jointly invested by Firs Group and Mitsui Fudosan Co., Ltd.—one of the Top 500 of the World. It is the only such plaza in China. The plaza covers an area of 116,000 sq meters, with a floorage of over 44,000 square meters. The plaza has over 130 shops of famous brand commodities of clothes, shoes and hats, and many of them are top international brands. The plaza is equipped with catering and recreational facilities.

Reportedly, the investment in Shanjing Outlets Plaza indicates that Firs Group has taken its first step to expand its business of fashion to the urban development. In the 10 years to come, Firs Group plans to open at least 15 outlets plazas in China.

Most Favorite Garment Brand Appraisal Initiated

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Category: Ningbo Business

Published: Monday, 26 September 2011 11:10

The most favorite garment brand appraisal, as the highlight of the Ningbo International Fashion Festival (NIFF), sponsored by Southeast Business Daily and NIFF Organizing Committee, has begun. The elicitation of candidates has started and the sign-up hotline is 87196785.

The elicitation of candidate brands will end on September 20th.

In the appraisal, six indexes will be judged:  brand’s image and reputation, brand culture, quality, market share, brand influence home and abroad, honor certificates and awards, etc.

The appraisal falls into three stages: brand elicitation, a poll and the final selection. Individuals, companies, work units as well as people from all circles of life can recommend brands to enter for the appraisal.

The organizing committee will examine and screen the candidate brands and publish them in the newspaper, for which residents will cast votes. The final results will come out according to the voting and expert judging.

15 brands will be crowned as the Most Favorite Brands and the award ceremony will be held on October 19th.

Compared with previous appraisals, this appraisal takes the following features.

Firstly, high-profiled: It is sponsored by NIFF organizing committee, undertaken by the Ningbo economy and information committee, assisted by Southeast Daily, Ningbo fashion association and Ningbo marketing and sales association, the appraisal is of a high specification. Representatives of the 15 most favorite garment brands will be invited to the NIFF opening ceremony and theme party on October 19th.

Secondly, extensive participation. The appraisal engages widest participation, through newspapers and Internet.

Thirdly, high creditability. The appraisal is based on the residents’ and experts’ evaluation, so the results are justified and fair.

And fourthly, authoritative: The brands are selected by the general public and experts through careful verification and screening.

To sign up: Hotline: 87196785. Please contact Mr. Cui Ning.
Address: B Block 10A1 of Xin Jinsui Edifice in 138＃ Jiefang North  Road, Ningbo

Volume of import and export increases by 10 times

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Category: Ningbo Business

Published: Monday, 26 September 2011 11:14

2011 sees the 10th anniversary of China's entry into the WTO. The statistics released by Ningbo Foreign Trade Bureau on September 21 show that the total value of import and export of Ningbo has increased by 10 times in the last decade.

Statistics show that in 2001 the total value of import and export stood at 8.9 billion US dollars, with exports of 6.3 billion US dollars and imports of 2.6 billion US dollars. While in 2010, the total value of import and export amounted to 82.9 billion US dollars, with the exports taking up 52.0 billion US dollars and imports 30.9 billion US dollars. For the first eight months of this year, the total value of import and export added up to 65.0 billion dollars, and the total value of the whole year is expected to be over 90 billion US dollars. The scale of import and export is now ten times that of 2001, and the growth rate is twice that of the national average. In the latest "Top 100 Foreign Trade Cities in China, 2010 – 2011" list, Ningbo ranks No. 7 among all the cities listed.

"Before China joined the WTO, our company's exports of tea towels and kitchen textiles to the United States and Germany were greatly restricted by the quotas. After China's entry into the WTO, the quota system was abolished and we can export our textile products on a larger scale. Thus our market share of textiles and garments became larger, which enabled us to get an upper hand when competing with other exporters from India and Pakistani, and our sales multiplied overnight", said He Zhixian, General Manager of Ningbo Qingfeng (Fresh) Yarn-Dyed Fabric Co. Ltd, when talking about the changes before and after China's entry into the WTO.

As a matter of fact, textile industry is not the only industry that benefits from China's entry into the WTO. It is said that during these ten years, Ningbo's opening-up economy took on a new look and underwent an unprecedentedly fast development. With more and more private companies turning to deal in foreign trade, Ningbo's foreign trade began to flourish. In the last decade, the volume of import and export, the volume of export, and the volume of import increased annually by 31.1%, 26% and 55.7% respectively. In 2010, for the first time, Ningbo's total value of import and export ranked among the top ten among the 36 provincial capitals and sub-provincial cities, with exports ranked No. 9 and imports No. 11 respectively.

With the expansion of foreign trade scale and the increasing experience in the international market, Ningbo is increasing the core competitiveness of its foreign trade enterprises and Ningbo-made products enjoy an ever-increasingly good reputation. By shifting from "made in Ningbo" to "created in Ningbo" and even to "intellectually created in Ningbo", foreign trade enterprises in Ningbo are no longer satisfied with the simple imitation and copying, and have greatly improved the added value of exports. As for the mode of foreign trade, the "mono-trade" mode focusing on exports is gradually replaced by the "multi-trade" mode, and exports and imports are developing harmoniously. At present, as the international economy becomes unstable and the cost of exports goes up due to the increasing exchange rate of RMB, the foreign trade enterprises in Ningbo begin to lay great emphasis on their transformation and upgrading. Improving the enterprises' capability of innovation and promoting new products are the two main strategies to deal with the hard time.

Ningbo to promote the leapfrog development of modern service industry

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Category: Ningbo Business

Published: Monday, 26 September 2011 11:09

When conducting field inspection in Yinzhou District, Liu Qi, vice Secretary of Ningbo Municipal Party Committee and Mayor of Ningbo emphasized the importance of quickening the development of modern service industry in the overall implementation of "six-quickening" strategy and in accelerating transformation of economic development mode. By laying bigger stress on some major fields, optimizing the environment for development and strengthening the support from talents, the industry is to develop by leaps and bounds and make contribution to the scientific and technological development and transformational development.
On the afternoon of September 19, accompanied by Shou Yongnian, Member of the Standing Committee of Ningbo Municipal Party Committee and Secretary of Yinzhou District Party Committee, vice Mayor Wang Renzhou, and vice Mayor Chen Yijun, Mayor Liu Qi first inspected China-Base Ningbo Foreign Trade Co., Ltd. Upon hearing the introduction of the business performance of the corporation, Mayor Liu Qi suggested that as the leading enterprise in import and export trade, while expanding the scale of business, the corporation may learn from the experience and practice of counterparts in other advanced cities and play a leading role in carrying out new port service industries such as ship leasing, shipping finance and shipping insurance. The Mayor，along with his delegation, then inspected Ningbo Hot taste and Olymtech Ningbo. After having a detailed understanding of their business philosophy, business model and scale of development, Mayor Liu Qi encouraged the enterprises to take root in Ningbo and seize every opportunity to develop themselves proactively and grow into model enterprises for Ningbo's service industry.  
Mayor Liu Qi pointed out that making great efforts to develop modern service industry is not only an important task for Ningbo Municipal Party Committee and Ningbo Municipal Government in accelerating the economic transformation and upgrading, but also the inevitable requirements for promoting the city's good image and improving people's living standard. He expressed his hopes and good wishes for the enterprises. Firstly, it is necessary to balance the relationship between modern service industry and secondary industry. Secondly, it is necessary to enlarge the scale of the service industry and optimize its structure. Thirdly, emphasis should be put on some major productive fields, such as modern logistics and modern trade, to enhance service efficiency and improve capacity. Fourthly, it is important to further optimize the environment and implement supporting policies in order to attract talents to settle down in Ningbo and guarantee the development of modern service industry